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Property profile & analytics
OFF-MARKET
Estimated value
$46,770,000
Super regional malls
11110 Mall Cir Waldorf, MD 20603-4803
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US40-1302225
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
312,478 SF
Lot
54.26 ac (2,363,566 SF)
Zoning code
PUD
APN
06-156193
UPID
US40-1302225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Yankee Candle Industrial Manufacturer Production Facility
-
Gold Rush Waldorf (Bike/Boat/Book/etc) Store
-
Haagen Dazs Grocery & Convenience Store Specialty Food Shop
-
MSI Professional Audio & Video Solutions (Church Sound, Residential & Commercial Systems) Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.77M
Owner & transaction history
Api Town Center South I LLC · 18 yrs held
Api Town Center South I LLC
since 2008
2 recorded transactions
Zoning & alternative use
PUD · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waldorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldorf submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$73,025,000
Change: 0% · Conversion: Difficult
RESTAURANT
$64,765,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$51,615,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$50,085,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$48,910,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$46.77M
Range $42.09M – $51.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$625,770
Tax year 2023
Assessed value
$47,492,100
Assessed 2023
Previous assessed
$47,492,100
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$47,191,100
Assessed improvement
$301,000
Land market value
$47,191,100
Improvement market value
$301,000
Total market value
$47,492,100
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
312,478 SF
Lot
54.26 ac (2,363,566 SF)
Zoning code
PUD
APN
06-156193
UPID
US40-1302225
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PUD · Waldorf, MDZoning PUD · permitted uses
PUD · Waldorf, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$73.0M
RESTAURANT
Est. value
$64.8M
RETAIL STORES
Est. value
$51.6M
AUTO REPAIR, GARAGE
Est. value
$50.1M
INDUSTRIAL (GENERAL)
Est. value
$48.9M
WAREHOUSE, STORAGE
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
54.26 ac
Current owner
From public records · entity-resolved
Api Town Center South I LLC
Entity
Mailing address
PO BOX 6120, INDIANAPOLIS, IN 46206-6120
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2008
—
Api Town Center South I LLC
—
Deed Of Trust
related
$19,729,961 · Lehman Commercial Paper INC
Nov 2, 2007
—
Api Town Center South I LLC
—
Deed Of Trust
related
$19,729,961 · Lehman Commercial Paper INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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